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Why NEO (NEO) Is A Strong Buy Below $50

 
Why NEO (NEO) Is A Strong Buy Below $50
Analytics / Breaking News / Cryptocoins / NEO
Neo Chart With Values Chart for NEO/USD (1D) Neo (NEO) is a bargain below $50. Many in the crypto community may not see this yet but when China takes a 180 degree turn on cryptocurrencies, the effects will start to appear. We are currently one heartbeat away from meaningful regulation that is going to open the gates to traditional investors, family offices as well as large financial institutions. China has been discouraging its public from trading cryptocurrencies, but when you think about it, this is to be expected from any responsible government. While I do not agree that governments should right out ban cryptocurrencies just because there is no meaningful regulation to protect their public, I do understand why governments across the globe would want to inform their public as to the risks and dangers of buying cryptocurrencies without regulation. Of all the countries in the world, Neo (NEO) picks China to deploy its project, knowing full well how it is going to face regulatory problems. This is no mistake. In fact, it is a well thought out plan. Soon as one country, for instance, the United States comes up with a proper regulatory framework in terms of taxation, custody, legalization etc, the rest of the world will follow suit. Regulation is not the biggest problem facing cryptocurrencies. Most countries now realize that if they do not support a particular blockchain project, it might transfer to another country that welcomes it without open arms. We saw this in the case of Binance. Neo (NEO) could have done the same but there is a reason they do not want to do this. Neo Chart With Values Chart for NEO/BTC (1W) Neo (NEO)’s vision is not to create just another blockchain and smart contracts platform like Ethereum (ETH); its goal is to make Neo (NEO) the largest and smartest smart contracts platform in the whole blockchain space. Neo (NEO) has already expressed willingness to work with governments and regulatory bodies to make blockchain more accessible and usable. When the cryptocurrency space is regulated, Neo (NEO) will be the only project of its kind in the most populated country on Earth. They will also have a clear competitive advantage over new projects. Furthermore, as we have seen in the past, China is a country that values its own projects the most. Alibaba is more popular in China compared to Amazon. For eBay, they have strong competitors like Taobao and Aliexpress. So, it is natural to expect that Neo (NEO) might receive more recognition in China compared to Ethereum (ETH). Neo (NEO) is currently at a point where it makes a lot of sense as an investment from a risk/reward standpoint. The cryptocurrency has reached its bottom against both Bitcoin (BTC) and the US Dollar (USD). In addition to that, the cryptocurrency has had to deal with regulatory challenges and stringent laws for a long time. It has made a lot of progress since then but none of that has reflected in the price on account of the prevailing negative sentiment. Despite being such a promising project, Neo (NEO) is still not in the top ten league. When the dust settles, a lot of projects are going to receive the attention and recognition they deserve. Neo (NEO) is one of those projects.

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